Commercial, Sourcing Renewables - September 26, 2022
DOE Provides $7 Billion Funding for Hydrogen Projects
The U.S. Department of Energy opened applications for the $7 billion program to create regional clean hydrogen hubs (H2Hubs) across the country.
As part of a larger $8 billion hydrogen hub program funded through President Biden’s Bipartisan Infrastructure Law, the H2Hubs will be a central driver in helping communities across the country benefit from clean energy investments.
Hydrogen’s flexibility makes it an important component of President Biden’s strategy to achieve a carbon-free grid by 2035 and net-zero emissions by 2050.
For this initial funding opportunity launch, DOE is aiming to select six to ten hubs for a combined total of up to $7 billion in federal funding. Concept papers are due by November 7, 2022, and full applications are due by April 7, 2023. Additional funding opportunities may follow to accelerate and expand the network of clean hydrogen projects.
“These H2Hubs are a once-in-a-generation opportunity to lay the foundation for the clean hydrogen future President Biden is building—one that will lift our economy, protect the planet, and improve our health,” said U.S. Secretary of Energy Jennifer M. Granholm in a statement. “With input from America’s brightest scientists, engineers, community organizers, and entrepreneurs, this national hydrogen strategy will help us accelerate the development and deployment of technologies to realize the full potential of clean hydrogen energy for generations to come.”
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